NORTH PORTLAND HOMES SELLING IN 17 DAYS: Everything you need to know! 🏡😳
North Portland homes are selling at a median speed of 17 days and have remained over the 10-day marker since August 2023. The trends suggest the market will stay slower as we head into year-end and speed back up as we enter the new year.
Days-on-Market (DOM) is a critically important trend because it instantly tells you the speed of the Housing Market, and the speed of the Housing Market tells you everything you need to know as a home buyer or seller. If the location has a consistent DOM under 10 days, it's a fast-moving market with bidding wars and rising prices. As that DOM increases above the 10-day mark towards the 20s or 30s, you can expect a slower market with less competition and the ability to negotiate prices.
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